Kesko Oyj — Earnings Release 2015

Jun 12, 2015

Decline of purchasing power continued to reduce Kesko's sales in Finland, sales of the home improvement and speciality goods trade increased abroad

Decline of purchasing power continued to reduce Kesko's sales in Finland, sales of the home improvement and speciality goods trade increased abroad

KESKO CORPORATION STOCK EXCHANGE RELEASE 12.06.2015 AT 09.00 1(2)

Decline of purchasing power continued to reduce Kesko's sales in Finland, sales
of the home improvement and speciality goods trade increased abroad

Kesko Group's sales in May 2015 totalled €742.6 million. In comparable terms
excluding Anttila, sales decreased by 2.9% in local currencies. The number of
selling days was one less than in the previous year."Although consumers' purchasing power would seem to be declining further in
Finland, Kesko's performance especially in the extremely fierce competition in
food prices has been excellent and lately it has even increased its market share
for the first time since 2012," says Kesko's President and CEO Mikko Helander."We are very pleased with the recent trends in the market shares of both the
grocery trade and the building and home improvement trade. We are clearly on the
right path with respect to our new strategy."

In Kesko's grocery trade, sales in May were €378.2 million, a decrease of 3.9%
from the previous year. The number of delivery days was one less than in the
previous year.

In the home improvement and speciality goods trade, sales in May were €270.2
million, and in terms of local currencies, comparable sales excluding Anttila
decreased by 1.0%. In Finland, comparable sales decreased by 4.5%. Outside
Finland, comparable sales grew by 2.4% in terms of local currencies.

In the car and machinery trade, sales in May were €92.4 million, a decrease of
7.3%. VV-Auto's sales in May were €63.5 million, down 10.4%. Konekesko's sales
in May were €28.9 million, a decrease of 0.2% from the previous year.

Kesko Group's sales in euros, excluding VAT, in May 2015:

May 2015 Change, %

€ million Change, % in local currencies excl.
Anttila

Grocery trade, total 378.2 -3.9 -3.3

Home improvement and speciality
goods trade, Finland 133.6 -18.3 -4.5

Home improvement and speciality
goods trade, other countries 136.5 -4.2 +2.4

Home improvement and speciality
goods trade, total 270.2 -11.8 -1.0

Car and machinery trade, total 92.4 -7.3 -7.3

Common operations and
eliminations 1.8

Grand total 742.6 -6.8 -2.9

Finland, total 588.6 -7.4 -4.3

Other countries, total 154.0 -4.7 +2.6

Grand total 742.6 -6.8 -2.9

Kesko Group's sales in euros, excluding VAT, in January-May 2015:

1.1. - 31.5.2015 Change, %

€ million Change, % in local currencies excl.
Anttila

Grocery trade, total 1,884.5 -1.9 -1.2

Home improvement and speciality
goods trade, Finland 725.3 -10.7 -2.9

Home improvement and speciality
goods trade, other countries 555.8 -3.5 +4.8

Home improvement and speciality
goods trade, total 1,281.1 -7.7 0.6

Car and machinery trade, total 454.0 -4.8 -4.8

Common operations and
eliminations -0.5

Grand total 3,619.1 -4.2 -1.0

Finland, total 2,986.7 -4.1 -2.3

Other countries, total 632.4 -4.6 +4.7

Grand total 3,619.1 -4.2 -1.0

Change, % indicates the change compared to the corresponding period of the
previous year.

In May 2015, the number of selling days in Kesko's wholesale in Finland was 19,
which was one less than in the previous year. The total number of selling days
in January- May was one less than in the previous year. The number of retail
selling days in May was 27, which was one less than in the previous year. The
total number of retail selling days in January-May was one less than in the
previous year.

Kesko releases advance information on the K-Group's retail sales quarterly, in
connection with interim reports.

Further information is available from Vice President, Group Controller Eva
Kaukinen, tel. +358 105 322 338.

Kesko Corporation

Merja Haverinen
Vice President, Group Communications

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main news media
www.kesko.fi

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